Westbourne Park is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 2,564, the suburb has an established demographic with a median age of 44. Households earn a median income of $113K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Westbourne Park is $2.6 million, having surged 67.5% over the past year. The current median weekly rent is $616. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,167.
Westbourne Park is served by 1 school, including 1 primary. The average ICSEA score is 1126, which is well above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Mitcham LGA is low at 1,833 incidents per 100,000 population.
From an investment perspective, Westbourne Park offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.6M/$950K), placing it in the premium segment. The price-to-income ratio of 22.8x is considered stretched. House prices have moved +67.5% year-on-year.
Westbourne Park is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 2,564, the suburb has an established demographic with a median age of 44. Households earn a median income of $113K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Westbourne Park is $2.6 million, having surged 67.5% over the past year. The current median weekly rent is $616. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,167.
Westbourne Park is served by 1 school, including 1 primary. The average ICSEA score is 1126, which is well above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Mitcham LGA is low at 1,833 incidents per 100,000 population.
From an investment perspective, Westbourne Park offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.6M/$950K), placing it in the premium segment. The price-to-income ratio of 22.8x is considered stretched. House prices have moved +67.5% year-on-year.